(Reuters) – U.S. conglomerate Honeywell said on Wednesday it had agreed to acquire Swedish aerospace firm Saab’s heads-up display (HUD) assets to strengthen its avionics unit. The HUDs wil[...]
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June 28, 2023
UBS looks to axe 30% of staff and keep Credit Suisse’s domestic business – source
By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domes[...]
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Trafigura sued for $8.4 million by firm owned by tycoons Reuben Brothers
By Eric Onstad LONDON (Reuters) – Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded $8.4 million in damages from commodity trader Trafigura in a claim li[...]
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Dollar strengthens as Fed’s Powell speaks, yen pressured
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday as Federal Reserve Chair Jerome Powell did not rule out the possibility of another rate hike by the central bank at i[...]
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‘Call of Duty’ maker to invest in Barcelona after EU approves Microsoft deal
By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in Barcelona, putting into action its pledge to invest in Europe after[...]
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Stellantis to end gearbox production at Vienna plant, 300 jobs impacted
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wed[...]
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FTX begins talks to relaunch international cryptocurrency exchange – WSJ
(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company[...]
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US goods trade deficit narrows; retail inventories rise
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on econ[...]
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Exclusive-Top manager at U.S. firm privately sold high-tech in Russia
By David Gauthier-Villars and Aram Roston (Reuters) – U.S. technology company Extreme Networks Inc said last year it had suspended all business activities in Russia to show solidarity with the p[...]
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